Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one. Headlines indicate:
White House National Climate Advisor Gina McCarthy will step down. No word on whether McCarthy will rejoin Pegasus Capital Advisors.
McCarthy's successor Ali Zaidi represented big oil and private equity underwriters at Kirkland and Ellis before joining the Biden White House.
The Podesta name resurfaced as John Podesta has been appointed Senior Advisor for Clean Energy Information and Implementation. John will dole out $370 billion while brother Tony lobbies for firms wanting a piece of that ka-ching.
The Blue Lucys are consistent in their alignment with the greed and leverage boys, maintaining their preferred "carried interest" taxation and tapping PEUs for critical government roles. NYT reported:
Mr. Podesta will lead a task force of cabinet secretaries and the heads of 21 federal agencies that Mr. Biden created when he took office to mobilize the government to confront climate change. Mr. Zaidi will serve as vice chairman.Many of those cabinet secretaries and agency chiefs are former PEUs. They likely hold residual PEU stakes not included in their federal financial disclosures (like Obama White House Health Reformer Nancy Ann DeParle).
Rest assured the greed and leverage boys want a share of that $370 billion. It's the Blue Lucys vs. the Insane Reds this fall. Both are beholden to the PEU class.
“Too much of what’s happening in our country today is not normal.”Biden pointed out the Insane Reds but avoided the Blue Lucys. Neither are normal.
